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. >> brian: durbin said he would be interested in that. is the president going to keep it to 250,000? that is a negotiating point. if eric cantor said don't talk to me about raising rates that would be wrong. warren buffett says $500,000 should be the threshold. why is the president saying it's $250,000 or i am not signing it? >> kimberly: it's campaign promises. that is his political ideolog ideology. instead of what is best for the country. >> eric: put you on the spot -- >> kimberly: the math shows it won't make a difference. why is he doing it in any way? because he said he would. not good enough reason. obligation to the country. >> bob: he said he wouldn't allow tax cuts to go for people making that money. i think that between that and entitlement reform you will get a deal. >> eric: let me ask this question. i call grover norquist, what is going on here? he said read between the lin lines. only when democrats put up their end of the bargain they would negotiate. if they do, they can change the rate and close a loophole and they will
. >> brian: durbin said he would be interested in that. is the president going to keep it to 250,000? that is a negotiating point. if eric cantor said don't talk to me about raising rates that would be wrong. warren buffett says $500,000 should be the threshold. why is the president saying it's $250,000 or i am not signing it? >> kimberly: it's campaign promises. that is his political ideolog ideology. instead of what is best for the country. >> eric: put you on the spot --...
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Nov 28, 2012
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i pick up the "new york times" and found out you have the liberal democrats like rockefeller, dick durbin and others saying hey, we better not touch entitlements. mr. president, you better watch yourself because we won the election. let's focus on those taxes on the rich. let's deal with entitlement down the line. that scares me. that is unrealistic. it goes against what we heard the president of the united states say. >> dana: when it comes to the math, do the math, they have a good opportunity in front of them. >> we heard senator reid said when asked he couldn't name any of the cut the democrats are willing to offer in the fiscal cliff negotiations. he said, "we need to get credit for cuts previously made." this is today. the cut previously made. i'm scratching my head to figure out what cuts the democrats made prior that they want credit for. if they did make credit cuts why did we run up four more years in a row? start fresh right now. talk about cuts and then talk about how are we going to raise revenues. >> eric: what would -- >> dana: what would harry reid mean by that? get credit
i pick up the "new york times" and found out you have the liberal democrats like rockefeller, dick durbin and others saying hey, we better not touch entitlements. mr. president, you better watch yourself because we won the election. let's focus on those taxes on the rich. let's deal with entitlement down the line. that scares me. that is unrealistic. it goes against what we heard the president of the united states say. >> dana: when it comes to the math, do the math, they have a...
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>> i saw a statement from senator dick durbin generally considered on the left of his party, he's saying, nobody should be so naive as to believe that just taxing the rich will solve our problems. he's telling the left that entitlement cuts must be part of any deal. that put him outside of what i have been hearing from the unions, mainstream democrats and the president. maybe that is a slight chink in the democrats' armor, if you like. maybe they will consider entitlement cuts. maybe he means next year after you work out tax changes now. bill: that's the way i heard it. get the changes before the first of the year then worry about reform in the coming year. on top of that there is a debt ceiling issue to tackle. steve forbes said go ahead and get a 90-day extension, take it into 2013. >> can you put together a complex agreement dealing with tax, spending cuts, debt ceiling, can you do all of that in a mere 30 days or do you take the steve forbes route, kick the can down the road. i'm not sure the vote terse would tolerate kicking the can and not dealing with it again. thank you, stuart.
>> i saw a statement from senator dick durbin generally considered on the left of his party, he's saying, nobody should be so naive as to believe that just taxing the rich will solve our problems. he's telling the left that entitlement cuts must be part of any deal. that put him outside of what i have been hearing from the unions, mainstream democrats and the president. maybe that is a slight chink in the democrats' armor, if you like. maybe they will consider entitlement cuts. maybe he...
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Nov 27, 2012
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durbin's a member of the senate's gang of 8, four democrats and four republicans who have collaborated on ways to reduce the nation's debt for 2 1/2 year. democratic senator mark warner is also in the gang and says democrats are willing to put entitlements like medicaid and medicare on the negotiating table. >> the math just doesn't work anymore not because the programs are bad but because thank goodness we're living a lot longer. >> reporter: republicans are also signalling they are more open to compromise. they say they will agree to raising tax revenue by limiting deductions for the wealthy. >> without compromising our principles we recognize that while democrats don't run this town neither do we. >> reporter: but the two sides remain far apart on the main sticking point. republicans oppose any increase in tax rates for the wealthy. the president refuses to sign any legislation extending the current tax rates to the top 2% of earners. the president has been in negotiations with house speaker john boehner and has said he is willing to put almost anything on the table except social se
durbin's a member of the senate's gang of 8, four democrats and four republicans who have collaborated on ways to reduce the nation's debt for 2 1/2 year. democratic senator mark warner is also in the gang and says democrats are willing to put entitlements like medicaid and medicare on the negotiating table. >> the math just doesn't work anymore not because the programs are bad but because thank goodness we're living a lot longer. >> reporter: republicans are also signalling they...
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Nov 27, 2012
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but today for example dick durbin, the number two leader of the democrats in the senate came out and gave a policy speech. he has a lot of credibility on deficit reduction. while he said medicare and medicaid changes in those programs should not be part of the first step, the democrats have to look at that down the road in order to be constructive on deficit reduction. this is a senator, liberal democrat, part of the gang of six, somebody with a lot of credibility on deficit issues. i think that opens the door a little bit. you're seeing it on the democratic side. you're seeing it a little bit on the republican side. >> both sides are going to have to open the door more than just a little bit. they're going to have to make a deal. >> because the one mandate from the public was fix things. >> fix it. and do it quick. gloria, thank you. cnn's getting exclusive new information and photographs of paula broadwell, her affair with jen david petraeus forced him to leave the cia. now her friends are coming to her defense. >>> and a 7-year-old cancer patient tries a controversial treatment. m
but today for example dick durbin, the number two leader of the democrats in the senate came out and gave a policy speech. he has a lot of credibility on deficit reduction. while he said medicare and medicaid changes in those programs should not be part of the first step, the democrats have to look at that down the road in order to be constructive on deficit reduction. this is a senator, liberal democrat, part of the gang of six, somebody with a lot of credibility on deficit issues. i think...